- Payday loans in Tallahassee follow Florida law (Florida Statutes s. 560.404 (deferred presentment)).
- Borrowing $300 at the state maximum costs $30 (10% fee) plus a small verification fee.
- 4 credit unions are headquartered in Tallahassee; ask about small-dollar loans before borrowing.
Tallahassee at a glance
| Tallahassee | |
|---|---|
| Population (2024 Census estimate) | 205,089 |
| Change since 2020 | +3.6% (growing) |
| County | Leon County |
| Size rank among 393 Florida places we cover | 9th |
| Share of Florida’s population | 0.9% |
| Nearest larger city | Jacksonville (about 155 miles) |
| Credit unions headquartered in town (NCUA) | 4, 2 federal |
| Credit unions headquartered in Leon County | 4 |
| Other towns within 25 miles | 5 (about 16,426 residents) |
| Typical payday APR statewide (CRL 2023) | 293% |
Whether you borrow at a storefront in Jacksonville or online from Tallahassee, the lender must hold a Florida license from the Florida Office of Financial Regulation and follow state limits.
Credit unions in Tallahassee
These credit unions have their main office in Tallahassee, according to NCUA call report data (June 2026):
- Florida A & M University Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- T M H Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Champions First Credit Union (state charter)
- First Commerce Credit Union (state charter)
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Tallahassee
| Rule | Florida |
|---|---|
| Maximum loan | $500 (single-payment); $1,000 for installment deferred presentment |
| Maximum fee | 10% of the amount provided, plus a verification fee |
| Loan term | 7 to 31 days (installment: 60 to 90 days) |
| Loans at once | One, checked through the state database |
| Cooling-off | 24 hours after a loan ends |
| Rollovers | Not allowed |
| If you cannot pay | A 60-day grace period at no extra charge if you complete credit counseling |
What a $300 loan costs in Tallahassee
At Florida’s maximum fee, borrowing $300 costs $30 (10% fee) plus a small verification fee. Statewide, the typical APR on a $400 payday loan was 293% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Leon County before you borrow
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Tallahassee that offers them. See how PALs work.
- Your bank’s small-dollar loan, if it offers one. See bank small-dollar loans.
- Cash advance apps for $20–$500 based on your direct deposits. See apps compared.
- 211: call or text 211 for local help with rent, utilities and food.
Towns near Tallahassee
The nearest larger city is Jacksonville, about 155 miles away. See all 393 Florida cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Tallahassee?
Yes. Payday loans are legal in Tallahassee under Florida state law, and lenders must be licensed by the Florida Office of Financial Regulation.
How much does a payday loan cost in Tallahassee?
At Florida’s maximum fee, borrowing $300 costs $30 (10% fee) plus a small verification fee. The typical statewide APR was 293% in 2023.
Are there credit unions in Tallahassee?
Yes. NCUA data lists 4 credit unions with a main office in Tallahassee, including Florida A & M University Federal Credit Union and T M H Federal Credit Union. Federal credit unions can offer payday alternative loans capped at 28% APR.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Florida Statutes s. 560.404
- Florida OFR — Payday lenders
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary